Ports and Shipping - Demolition market off to a good 2020 begin.

Byline: S. Kamal Hayder Kazmi

With the majority of shipping markets on a downward path, market delegates were expecting an increase in ships' recycling activity and this scenario is now materializing. In its latest weekly report, shipbroker Clarkson Platou Hellas said that it seems the positivity seen last week has carried forward into this week as various market negotiations pushed price levels further and proved that any previous sales were not just a flash in the pan.

This stability has come from the Indian steel industry remaining positive on the back of their improved domestic steel rates and also the Bangladeshi steel...

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